The City of Desert Hot Springs hosted a Small Business webinar on April 6, with Mayor Scott Matas,
Natalie Orta, Small Business Assistance Area Manager of the Small Business Administration; Josh Bonner, CEO, and Rebecca Rizzo, Director of Membership, of the Coachella Valley Chamber of Commerce; and Denise Hamet, Economic Development Manager of the City of Desert Hot Springs.
If you were not able to join, a video of the full webinar is available HERE.
These are some of the most frequently asked questions, which were covered during the webinar:
How do I apply for SBA’s Economic Injury Disaster Loan (EIDL)?
You can apply with the SBA online HERE for the EIDL.
How do I apply for the Payroll Protection Program (PPP)?
You apply through your lender for the PPP loan.Go to the Santa Ana District office website and enter your zip code to find a list of participating lenders. These are the following banks (that we are aware of) that are facilitating the loans in Desert Hot Springs:
Bank of America
13210 Palm Drive
JP Morgan Chase
13000 Palm Drive
14000 Palm Drive
66565 Pierson Blvd.
Do I have to go in to the bank to apply for the PPP?
All banks will have online applications.
Can I apply for BOTH the EIDL and the PPP?
Yes, but you cannot use the same funds for the same purpose.
Do I need to pay someone to assist me in completing the applications?
No. There are many SBA partners, listed below, that can help you at no cost, including the SBDC, WBC, and SCORE.
How do I get that extra $10,000 I keep hearing about?
When you apply for the EIDL program online, there is an option in Step Four, Question Eight that says, "I would like to be considered for an advance of up to $10,000." You need to check that box and provide your bank's routing number and your account number.
When will I get my money?
The estimated wait time for the EIDL advance is 3-5 days and 2-3 weeks for the rest of the EIDL funds. It is taking a little longer than that due to the demand.
Is my non-profit eligible for these loans?
Some non-profit organizations are eligible. Check with your SBDC contact.
What is the deadline to apply?
You can apply for the EIDL money until the end of the year. The cutoff for the PPP is June 30, although some lenders have stopped accepting applications - at least, temporarily - due to high demand.
In addition, the following resources that are available to provide assistance to small business owners during this time:
SBA District Office Newsletter & Webinars
Subscribe for COVID-19 updates and invitations to SBA EIDL/PPP webinars HERE.
Follow the SBA District Office on Twitter: @SBA_OCIE
SBA Disaster Loans
Information on SBA disaster loans is available HERE.
The SBA national website offers additional resources.
Coachella Valley Small Business Development Center (CVSBDC)
Visit the Coachella Valley Small Business Development Center website for free business consultations.
Office Number: (760) 863-2529
Contact Business Consultant Hugo Loyola at firstname.lastname@example.org
The SBDC also has created a booklet of SBA-related information, available HERE.
The Women’s Business Center
The Women's Business Center offers resources for female entrepreneurs.
Office Number: (760) 345-9200
Coachella Valley SCORE
Office Number: (760) 773-6507
The California State Public Health Officer and Director of the California Department of Public Health is ordering all individuals living in the State of California to stay home or at their place of residence, except as needed to maintain continuity of operation of the federal critical infrastructure sectors, critical government services, schools, childcare, and construction, including housing construction.
Read the full Executive Order here (pdf).
How long will we stay home?
This goes into effect on Thursday, March 19, 2020. The order is in place until further notice.
What can I do? What’s open?
Essential services will remain open such as:
Food: Grocery stores, farmers markets, food banks, convenience stores, take-out and delivery restaurants
Essential state and local government functions will also remain open, including law enforcement and offices that provide government programs and services.
Bars and nightclubs
Gyms and fitness studios
Public events and gatherings
Where does this apply?
This is in effect throughout the State of California.
We understand the impact that this crisis is having on local businesses and workers, and will continue to share all available resources to keep our community strong during this crisis.
Please see these State links for resources:
GO-Biz COVID-19 Page: https://hubs.ly/H0nH9Fc0
Employment Development Department: https://hubs.ly/H0nHfH30
The DHS Senior Center will be closed temporarily from today, March 16, until Monday, April 27, 2020 due to COVID-19. (We will re-open earlier if that becomes possible.)
Meanwhile, the Center will still continue to provide lunches for the seniors of DHS.
We have implemented the following lunch system, which requires a pickup:
Seniors must call anytime after 8:30 am to reserve a lunch spot for that day and to find out their pickup time. We will only have 8 people per half hour picking up lunches to prevent groups gathering.
We know that for many of you, this may be the only meal for the day. So we are asking you to come for the pickup while still taking the Governor's recommendation to self-quarantine very seriously.
We also want to emphasize that while the Center itself is closed, the staff are very much here during business hours. If you have questions, need resources, or even just want someone to talk to, we are here to take your phone call. We also will be checking in on our members via phone.
This is a challenging time, but our community is strong and we will get through it together.